American Eagle Outfitters (NYSE:AEO) PT Lowered to $34.00 at UBS Group

American Eagle Outfitters (NYSE:AEO) had its target price lowered by UBS Group from $35.00 to $34.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the apparel retailer’s stock.

A number of other research firms also recently issued reports on AEO. Morgan Stanley lowered their price target on American Eagle Outfitters from $19.00 to $18.00 and set an underweight rating for the company in a research report on Thursday, May 30th. Telsey Advisory Group reissued a market perform rating and set a $25.00 target price on shares of American Eagle Outfitters in a research report on Thursday. TD Cowen reduced their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a hold rating on the stock in a research report on Friday. StockNews.com upgraded shares of American Eagle Outfitters from a hold rating to a buy rating in a research note on Monday, May 27th. Finally, Barclays cut their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an overweight rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $25.33.

American Eagle Outfitters Price Performance

NYSE AEO opened at $20.58 on Friday. The company has a 50-day moving average of $20.83 and a 200-day moving average of $22.40. American Eagle Outfitters has a 12 month low of $14.39 and a 12 month high of $26.44. The company has a market cap of $4.04 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts anticipate that American Eagle Outfitters will post 1.75 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, July 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is 45.05%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Institutional Trading of American Eagle Outfitters

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in American Eagle Outfitters by 1,050.5% during the 4th quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock valued at $56,740,000 after acquiring an additional 2,448,400 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in American Eagle Outfitters in the first quarter worth about $61,315,000. Victory Capital Management Inc. increased its holdings in American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after buying an additional 1,936,938 shares during the last quarter. Principal Financial Group Inc. increased its holdings in American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after buying an additional 1,726,982 shares during the last quarter. Finally, Norges Bank acquired a new stake in American Eagle Outfitters during the fourth quarter valued at approximately $20,917,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.